Tag: South Korea
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Seoul says Chinese, Russian military aircraft enter its air defence zone
SEOUL: South Korea said it had sent up fighter jets as a precaution after more than 10 Chinese and Russian military aircraft entered its air defence zone on Saturday (Jun 27).The Joint Chiefs of Staff in Seoul said the Chinese and Russian aircraft had entered and then left the Korea Air Defence Identification
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Video. Watch: South Korea holds first live-fire drill against drone swarms
Video. South Korea’s air force carried out its first live-fire exercise against a simulated swarm drone attack. Military forces used Vulcan air-defense guns, a portable laser and shotguns to intercept all 50 drones during the drill.
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South Korea to acquire 20,000 low-cost military drones
“Recent conflicts in Ukraine and the Middle East clearly demonstrate that drones have emerged as game changers on the battlefield,” Defence Minister Ahn Gyu-back told reporters in Seoul.
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South Korea to lower fuel price caps, finance minister says
SEOUL, June 26 : South Korea will lower its cap on fuel prices as part of efforts to curb inflation pressure, the finance minister said on Friday. “We kept the sixth fuel cap price unchanged this week due to uncertainty of the Middle East situation, but the seventh cap will be lower than the current…
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Samsung to announce $648 billion investments in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday. The announcement will be made at a meeting w
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The world’s top-performing stock market still isn’t a developed market. Here’s why, according to the MSCI chief
MSCI CEO Henry Fernandez said South Korea’s stock market still falls short of developed market standards.
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Park criticises South Korea after loss to South Africa, warns of 2014 World Cup repeat
June 25 : Former South Korea midfielder Park Ji-sung criticised the team’s performance in Wednesday’s 1-0 defeat by South Africa at the World Cup, and drew comparisons with their disappointing 2014 campaign that saw them exit in the group phase.The Koreans, who started with captain Son Heung-min on the bench,
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North Korean soldier crosses demilitarised zone into South Korea
According to data from South Korea’s Ministry of Unification, more than 34,000 North Koreans have defected to the South since its records began in 1998.
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Coach Hong takes blame as South Korea’s World Cup hopes fade
Korean coach Hong Myung-bo took responsibility for the result, saying, “I guess I made the wrong decisions, and that was the reason why we had a bad result. Nothing more, nothing less.”
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South Korea lose to South Africa, World Cup hopes left in the balance
South Korea can still reach the last 32 as one of the best third-placed teams, but need results elsewhere to go their way.
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